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PBOC sets USD/CNY reference rate at 7.0686 vs. 7.0753 previous

The People’s Bank of China (PBOC) set the USD/CNY central parity rate at 7.0686 for Thursday’s session, compared with Wednesday’s fix of 7.0753. The slightly stronger yuan midpoint continues the central bank’s measured approach to guiding the currency amid ongoing economic and market developments.


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